Unsecured business loans, working capital, MSME loans, Mudra Yojana, machinery finance — compare 25+ banks and NBFCs. Get pre-approved in 24 hours. 100% free service.
Every business has different financing needs. From working capital to machinery to startup funding — we have the right loan for you.
Get a one-time lump sum amount repaid in fixed monthly EMIs over 1–5 years. Perfect for business expansion, purchasing inventory, opening a new branch, or any significant one-time expense.
Short-term funding to manage day-to-day operations — paying salaries, buying raw materials, managing receivables gap, stocking inventory during lean seasons.
Udyam-registered businesses get special MSME loans with lower rates (8–14%), collateral-free options under CGTMSE, priority sector lending benefits, and government subsidies.
Finance manufacturing machinery, industrial equipment, medical equipment, or any capital asset. The machine itself serves as collateral — no additional security needed.
Unlike a term loan, an overdraft or cash credit is revolving — withdraw as needed, repay, withdraw again. Interest charged ONLY on the amount used, not the entire sanctioned limit.
Waiting 30–90 days for your large buyers to pay? Get up to 90% of your invoice value instantly. Perfect for B2B businesses supplying to corporates, PSUs, or government.
New business with less than 1–2 years of operations? Government schemes (Mudra, PMEGP, Stand Up India), NBFCs, and fintech lenders are designed exactly for startups.
Multiple exclusive schemes offering lower rates, higher subsidies, and collateral-free loans for women entrepreneurs, Scheduled Caste, and Scheduled Tribe business owners.
Rates vary widely. Banks offer lower rates (10–16%) for established businesses; NBFCs offer faster approvals at higher rates (16–36%).
| Lender | Interest Rate | Max Loan | Max Tenure | Processing Fee | Collateral | Special Feature | Apply |
|---|---|---|---|---|---|---|---|
SBI SBI (MSME Loan) Public Sector Bank | 10.5% p.a. | ₹5 Crore | 5 years | 0.35–1% | CGTMSE / Optional | 🏆 PSB 59-min portal | |
PNB Punjab National Bank Public Sector Bank | 10.75% p.a. | ₹5 Crore | 5 years | 0.5% | CGTMSE / Optional | Women 0.25% extra off | |
HDFC HDFC Bank Private Sector Bank | 11% – 14% | ₹40 Lakh | 4 years | Up to 2.5% | No (Unsecured) | ⚡ 24-hr disbursal | |
ICICI ICICI Bank Private Sector Bank | 11.25% – 16% | ₹75 Lakh | 5 years | Up to 2% | No (Unsecured) | iLend — fully digital | |
Axis Axis Bank Private Sector Bank | 12% – 18% | ₹50 Lakh | 5 years | 1.5–2% | No | Unsecured | GST-based | |
Bajaj Bajaj Finserv NBFC — Fast Disbursal | 14% – 26% | ₹80 Lakh | 7 years | 1–3% | No (Unsecured) | Flexi Loan — revolving | |
LK LendingKart Fintech NBFC | 18% – 24% | ₹2 Crore | 3 years | 2–3% | No | GST+bank stmt only | |
SIDBI SIDBI Direct Govt Development Bank | 9% – 12% | ₹25 Crore | 10 years | 0.25–1% | Optional | 🌟 MSME focused | Best rates |
Rates as of 2026. Actual rate depends on CIBIL score, business vintage, turnover, and loan amount.
Calculate your exact monthly payment before applying. Understand total interest cost and plan repayment strategy.
A CIBIL score of 750+ can save you 3–5% on interest — that's ₹3–6L on a ₹25L loan!
A 3-year loan costs far less total interest than a 5-year loan.
Banks: 10–14% but 5–10 days. NBFCs: 18–26% but 24 hours.
Banks evaluate your business through multiple lenses. Understanding these helps you prepare better and get approved faster.
India's government offers incredible subsidized loan schemes for small businesses. Most people don't know about these — you do now!
Pradhan Mantri MUDRA Yojana (PMMY) — launched 2015, collateral-free loans up to ₹20 Lakh for non-farm micro businesses. 6.3 crore+ loans worth ₹4.5 lakh crore disbursed in FY23 alone.
Shishu (₹50K), Kishore (₹5L), Tarun (₹10L), TarunPlus (₹20L)
KYC, Aadhaar, PAN, photos, business proof, bank statements, address proof
jansamarth.in for online. Or visit nearest bank with physical form.
7–15 working days. Bank may visit business premises for field verification.
Get Mudra Debit Card for working capital. Term loan disbursed directly to account.
From application to disbursement in as little as 24–72 hours (NBFC) or 5–10 working days (bank) with Car Spider's expert guidance.
Fill this form and our business loan specialist will call you within 30 minutes. We compare 25+ banks and NBFCs, identify the right scheme for you, and guide you to approval — zero charges.
Dedicated business loan advisor — understands MSME, Mudra, CGTMSE, all schemes
We pre-screen before submitting — no unnecessary hard enquiries that hurt your score
We identify all subsidies and schemes you qualify for — most clients don't even know they're eligible
Our service is completely free for borrowers — lenders pay us referral fees